Shares in Applied Nutrition PLC jumped on Tuesday as it said strong trading will result in better than expected full-year results.
The Liverpool-based sports nutrition brand now expects that full-year results will likely exceed current market consensus estimates for revenue of £122.3 million and adjusted earnings before interest, tax, depreciation and amortisation of £34.4 million by around 10%.
In the financial year ending July, the company reported revenue of £107.1 million and adjusted Ebitda of £30.9 million.
In response, shares in Applied Nutrition leapt 8.4% to 216.50 pence each in London on Tuesday for a market value of £542.5 million.
Applied Nutrition was admitted to trading on the London Stock Exchange’s Main Market on October, 2024. The initial public offering was priced at 140 pence per share, valuing it at around £350 million.
The firm said strong trading momentum has continued since November, when earnings were published, reflected in the current order book.
‘The company recognises the strength of trading and the upcoming peak trading period for Health, Fitness & Wellbeing, which will deliver a particularly strong [first half],’ the company said in a statement.
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